SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Zeev's Turnips - No Politics
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Boca_PETE who wrote (35096)3/1/2002 4:10:30 AM
From: Psycho-Social  Read Replies (1) of 99280
 
Re: implementation of a 40% Tariff on steel as trigger for Market decline.
Its true that the Smoot-Hawley tariff was a key aspect of the Great Depression and just recently I was reviewing some exerpts I copied from the WSJ and found that the House or Senate passage of tariffs in the days before the '29 Crash probably helped cause that Crash. Now, Steel is a less important part of the economy and the U.S. is not likely to turn broadly protectionist, but the Markets tend to do poorly when there's govt intervention in the free market arena. Therefore, if Bush does impose tariffs on foreign steel, it could cause a downleg, especially since most economists don't believe foreign companies are actually guilty of "dumping". U.S. companies have just failed to achieve comparable improvements in productivity that have helped other industries offset cheaper foreign labor costs.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News